Mexican Tycoon Spends Money to Influence U.S. Elections

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U.S. Investment Immigration focuses on Life in the U.S.: Recently, U.S. federal prosecutors exposed for the first time a scandal involving foreign nationals funding domestic elections. A Mexican businessman injected funds into U.S. Super PACs and various shell companies, providing over $500,000 to support campaign teams in elections across the United States, an act prohibited under federal law.

 

Mexican Tycoon Spends Money to Influence U.S. Elections

 

In coastal cities such as San Diego in Southern California, Mexican construction businessman Azano used money to support three Democratic politicians and a Republican local district attorney in order to secure a project to transform the West Coast into a Miami-style coastal model.

Azano's money was wired directly into Super PACs. The rise of Super PACs stems from two U.S. Supreme Court rulings in early 2010, which stipulated that as long as political action committees do not donate directly to candidates, political parties, or other political action committees, they can accept unlimited donations from individuals, unions, and corporations for independent expenditures. Super PACs have made U.S. elections increasingly expensive, and the influence of super-wealthy individuals on Super PACs has grown, also creating loopholes for some foreign nationals.

Campaign reform advocates are using this to demand legislation that strictly requires the disclosure of campaign funds and promotes the independent and transparent operation of campaign financing.


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